LIC posts post-OFS shareholding pattern for quarter ending August 2026
Life Insurance Corporation of India reported its post-OFS shareholding pattern for Q2FY27. The government retains a 90% stake via the President of India, while public holding is at 10%. Foreign investors utilize 1.23% of the 20% allowed limit. No shares are pledged by promoters.
*this image is generated using AI for illustrative purposes only.
Life Insurance Corporation of India has filed its post-offer for sale (OFS) shareholding pattern with the stock exchanges for the quarter ending August 7, 2026. The filing, dated August 19, 2026, confirms that the promoter group’s stake remains unchanged at 90%, with no shares pledged or encumbered.
The public shareholding stands at 10%, comprising domestic institutions, foreign portfolio investors, and resident individuals. Mutual funds are the largest institutional holders within the public category, followed by foreign portfolio investors and bodies corporate.
Shareholding Breakdown
The total number of fully paid-up equity shares held is 12,649,995,402. There are no partly paid-up shares, depository receipts, or locked-in shares reported in the filing.
| Category | Shareholders | Shares Held | Stake |
|---|---|---|---|
| Promoter & Promoter Group | 1 | 11,384,912,004 | 90.00% |
| Public | 2,227,490 | 1,265,083,398 | 10.00% |
| Non-Promoter-Non Public | 0 | 0 | 0.00% |
| Total | 2,227,491 | 12,649,995,402 | 100.00% |
Promoter Holding Details
The entire promoter stake is held by the Central Government, specifically under the President of India. This entity holds 11,384,912,004 shares, representing 90.00% of the total equity. There are no foreign promoters, and none of the promoter shares are pledged or encumbered.
Public Shareholder Composition
Public shareholders hold 1,265,083,398 shares (10.00%). Domestic institutions form the largest segment within this category.
- Domestic Institutions: Hold 759,430,559 shares (6.00%). Mutual funds account for the majority, with ICICI Prudential Mutual Fund (2.70%) and SBI Equity Mutual Fund (1.30%) being significant holders.
- Foreign Institutions: Hold 151,704,117 shares (1.20%). Foreign Portfolio Investors (Category I) hold the bulk of this stake at 145,120,728 shares (1.15%).
- Non-Institutions: Hold 353,948,630 shares (2.80%). Resident individuals holding nominal share capital up to ₹2 lakhs constitute the largest sub-group with 224,994,212 shares (1.78%).
Foreign Ownership Limits
As on August 7, 2026, the utilized foreign ownership limit is 1.23% against a board-approved limit of 20%. No other foreign ownership categories such as FDI or Sovereign Wealth Funds reported holdings.
What the Numbers Show
The shareholding structure reflects high concentration among government and retail investors. With the promoter group holding 90% and resident individuals (primarily those with small holdings) accounting for nearly 18% of the public float, liquidity may be influenced by the trading activity of mutual funds and foreign portfolio investors, who collectively hold approximately 6.5% of the total equity.
Historical Stock Returns for LIC of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.51% | +1.50% | -4.83% | -6.20% | -7.41% | -5.83% |
Will the government consider reducing its 90% stake in LIC to raise capital or improve market liquidity, given the current low public float?
How might the low utilization of the foreign ownership limit (1.23% vs 20%) impact future inflows from Foreign Portfolio Investors?
Could the high concentration of holdings among mutual funds lead to increased volatility if these institutions decide to rebalance their portfolios?
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